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The Royal Award for Islamic Finance 2018 to be conferred on 3 October 2018

06 Aug 2018

Kuala Lumpur, 6 August 2018The Royal Award for Islamic Finance 2018 to be conferred on 3 October 2018

Bank Negara Malaysia and the Securities Commission Malaysia are pleased to announce that the Royal Award for Islamic Finance 2018 will be conferred at a special ceremony to be held on 3 October 2018 in Kuala Lumpur.

The Royal Award recognises and honours an Islamic finance visionary whose achievements and innovation contribute significantly to the growth of Islamic finance, global economy and social progress of communities around the world. A global call for nominations was made in January 2018, following which 53 submissions were received for 30 candidates, the highest ever since the biennial award was introduced in 2010.

"This year sees a particularly exceptional pool of candidates for the Jury to consider. The pool of candidates is geographically diverse and covers a wide spectrum of stakeholder groups in Islamic finance, including Shariah, academia, market practitioners, research institutions, government agencies and multilateral organisations. It is this inspiring and exceptional leadership seen from all corners of the world that is key to further advancing the world of Islamic finance forward", said Tun Musa Hitam.

Past Royal Award recipients are Professor Datuk Dr Rifaat Ahmed Abdel Karim, former CEO of the International Islamic Liquidity Management Corporation (2016); Dato' Dr Abdul Halim Ismail, founding member of Malaysia's first Islamic bank (2014); Mr Iqbal Khan, CEO of Fajr Capital (2012); and Shaikh Saleh Abdullah Kamel, founder of the Dallah al Baraka Group (2010). The Royal Award in 2010 also recognised the late Dr Ahmad El-Naggar who was often referred to as 'Father of Modern Islamic Banking', with a posthumous honourable mention.